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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (64339)2/23/2001 3:15:10 PM
From: TATRADER  Read Replies (1) | Respond to of 117044
 
richard, here is what XAU gold should do(if it were normal)...
My indicators say that we should sell off back into the 47.50-48.00 area...But one of these days, gold is just going to go, regardless if it is overbought or not......My target areas are 50.50, 53.00, 57.50 and final target of 64 on XAU...We hit 50.50, so if gold does what it should do, it will sell off next week to the 47.50-48.00 area....Consolidate, and then move up again....

There are not too many places to turn anymore, maybe some desperate souls will actually buy gold.......Still doubting Thomas......